Suppose at a Price of $10 the Quantity Demanded Is

question 176

Multiple Choice

Suppose at a price of $10 the quantity demanded is 100.When price falls to $8, the quantity demanded increases to 130.The price elasticity of demand between the prices of $10 and $8 is approximately:

• A) -1.17.
• B) -1.50.
• C) -0.85.
• D) -1.00.